Raees Chowdhury is the co-founder and chief investment officer of Tok-Edge, a London-based regulated DeFi hedge fund built around a novel cryptoasset structure called the Redemption Token. With a career spanning senior roles at BCG and Bain Capital, a managing partner position at Revolt Ventures — a fund sitting beneath a $10 billion AUM vehicle — and deep roots in on-chain markets dating back to the ICO era of 2016–17, Raees brings rare dual fluency in institutional finance and DeFi to one of crypto's most ambitious new fund structures.

Tok-Edge emerged from stealth on the day of this recording, and the timing is deliberate. Raees argues that the current drawdown — with Bitcoin sitting roughly 50% off all-time highs and many altcoins down 90% or more — is precisely the moment to be allocating capital to DeFi. The fund is built on a contrarian but rigorous thesis: that crypto is a genuinely new liquid asset class, that existing token models are structurally flawed, and that the teams best positioned to capture the next cycle are those who can hold TradFi infrastructure and DeFi-native thinking in the same hand.

The centrepiece of what Tok-Edge is building is the Redemption Token — a new category of cryptoasset designed to solve what Raees calls the duality problem that has undermined most token models to date. Unlike governance tokens, which trend towards zero, or utility tokens, which are constrained to their native blockchain, the Redemption Token is permissionless and composable in DeFi while carrying a genuine defined function: the ability for fund investors to redeem underlying fund shares at net asset value. The model Raees reaches for by analogy is MicroStrategy — a structure designed first, then deployed as a product. Tok-Edge is doing the same, with the Redemption Token as the architecture and the Tok-Edge Fund as its first application.

The fund itself is built to institutional standard — custodians, regulated directors, and governance structures you'd expect from any tier-one equities vehicle — but applied entirely to crypto and DeFi strategies. Raees walks through the team's approach to on-chain yield generation, active capital allocation between strategies, and why sitting in stablecoins and earning on-chain yield is a feature rather than a concession. He also shares his conviction that DeFi yields are far from dead, why on-chain flows will identify the winners of the next cycle before most people see them coming, and how the Berkshire Hathaway model — long-only, actively managed, comfortable holding cash — translates surprisingly well to liquid crypto asset management. With a TGE capped at $21 million targeting a $100 million first close later in 2026, this is a conversation worth hearing early.

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Marco Kowalewski is the managing partner at MovitOn, a Dubai-headquartered startup building what it describes as the Uber for delivery. Originally from Germany, Marco spent years in management roles and as a business lecturer before diving into blockchain around eight years ago. He is a three-time author on topics spanning cryptocurrencies, blockchain, and tokenisation, and joined the MovitOn team roughly eight months ago after an advisory relationship evolved into a leadership role.

The global logistics industry is worth trillions, yet sending a single document internationally through legacy couriers like DHL or FedEx can still cost well over a hundred dollars and take a week to arrive. MovitOn is attacking that inefficiency with a peer-to-peer model that connects senders directly with travellers who have spare luggage capacity. The concept is deceptively simple: if someone is already flying from Medellín to Frankfurt, they can carry your parcel for a fraction of the traditional cost and get it there within 24 hours instead of seven days. Marco walks Andy through exactly how a shipment works — from personal handovers and smart IoT terminal pickups at airports, through to delivery at the destination — and explains why the platform targets prices 25 to 50 per cent lower than incumbent services while paying couriers anywhere from 50 to 100 dollars per delivery.

What sets MovitOn apart from a simple marketplace is the infrastructure being built underneath it. The MVON utility token powers a smart contract escrow system: when a courier picks up a high-value item like a laptop, a deposit is locked on-chain and only released upon confirmed delivery, removing the trust gap that would otherwise kill peer-to-peer logistics at scale. On top of that, the team is developing physical smart terminals — MovitBoxes — equipped with AI-powered security scanners, initially deployed at airports, that verify parcels contain nothing prohibited or dangerous. An AI compliance engine navigates the regulatory patchwork of import and export rules across jurisdictions in real time, guiding users through what can and cannot be shipped between specific countries. It is an ambitious blend of atoms and bits that Marco acknowledges is significantly harder than a pure software play, but one the team believes is necessary to make the model safe, scalable, and compliant.

The project has just closed a two-million-dollar community pre-sale round, with a public sale currently underway and a centralised exchange listing expected shortly after. Early adoption markets include Dubai — where the company is headquartered and which serves as a natural hub for international travellers — along with the European Union, with Germany as a priority. Eastern Europe and parts of Asia are next, followed by the United States and South America, with a target of operating in over 100 countries by 2030 and onboarding half a million users. Marco also shares his honest read on the current crypto market: he had been expecting Bitcoin to pull back toward the 50,000-dollar range but concedes that recent price stability and upward momentum may be shifting the picture.

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Wael Rajab is the CMO of PerpTools and co-founder and director of DEXT Ventures, the capital arm of DEXTools — one of DeFi's original and most widely used on-chain trading and analytics platforms. With nearly a decade in crypto and a portfolio spanning over 100 investments across 150+ integrated blockchains, Wael has been at the centre of decentralised finance's growth from data dashboard to full trading stack.

DEXTools built its reputation as the go-to platform for on-chain token analytics — the place traders head when they want to understand what's happening across chains without needing to be technically fluent. But the landscape has shifted dramatically. DEX volumes have grown nearly eightfold in two years, from $81 billion to roughly $740 billion, and perpetuals trading has become one of the most contested battlegrounds in DeFi. PerpTools is DEXTools' answer: a native perps vertical that gives millions of existing users the ability to trade derivatives without ever leaving the platform they already trust.

What makes the PerpTools story compelling isn't just the product — it's the distribution. Most new perp DEXs face a brutal cold-start problem, spending heavily on user acquisition with uncertain results. PerpTools launched into an established audience and reached 40,000 users and over $150 million in traded volume within weeks of its beta. Built on Orderly's shared order book and liquidity layer, the platform is designed for speed and capital efficiency, with sub-200 millisecond latency and leverage up to 100x — all self-custodial and permissionless.

The roadmap is where things get genuinely interesting. AI trading agents — back-tested to average 20% monthly returns — are being rolled out in tranches to top community members, with copy trading and vault-based strategies to follow. Prediction markets, a tap-to-earn trading game, and a token generation event targeted within six to eight months round out a product pipeline designed to make the platform as sticky as possible. Wael also opens up on competing in a space where Hyperliquid looms large, the strategic logic behind the Orderly partnership, and why DeFi's permissionless, borderless architecture represents a genuine levelling of the financial playing field.

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